Some of the abbreviations on this page are expanded to the regulator's full name: a broker regulated by CIRO is regulated by the Canadian Investment Regulatory Organization.
The 5 brokers on this page, ranked
Ordered by score, highest first: all five scores come from our global testing. Each line names the Canadian company that offers the brand; its place in the list comes from its score.
- OANDA - offered by OANDA (Canada) Corporation ULC
- FXCM - offered through Friedberg Mercantile Group Ltd.
- FOREX.com - offered by GAIN Capital - FOREX.com Canada Ltd.
- CMC Markets - offered by CMC Markets Canada Inc.
- AvaTrade - offered through Friedberg Mercantile Group Ltd.
Which 5 brokers on our CIRO dealer list offer MT4 in Canada?
1. OANDA: offered by OANDA (Canada) Corporation ULC
Category-weighted score 88.3. Published rating 92, which includes an editorial adjustment of +3.7. Adjustments are disclosed on every page they apply to; see our methodology.
Beside MetaTrader 4, its Canadian site names: OANDA Web, OANDA mobile app (iOS/Android) and TradingView
Sources
| Fact | As stated | Source |
|---|---|---|
| MetaTrader 4, as the firm names it | MetaTrader 4 | Canadian site, September 26, 2026 |
| Advertised EUR/USD spread | 0.6 pips, advertised typical, Standard account | Canadian site, September 26, 2026 |
| CIRO dealer member | OANDA (Canada) Corporation ULC: CIRO directory, read September 26, 2026; CIPF member | CIRO dealer directory |
2. FXCM: offered through Friedberg Mercantile Group Ltd.
FXCM is offered in Canada through Friedberg Mercantile Group Ltd., the CIRO dealer member that also offers AvaTrade.
Beside MetaTrader 4, its Canadian site names: Trading Station (web/desktop/mobile), TradingView (live trading integration) and API trading
Sources
| Fact | As stated | Source |
|---|---|---|
| MetaTrader 4, as the firm names it | MetaTrader 4 | Canadian site, September 26, 2026 |
| Advertised EUR/USD spread | Spread-only ('opening and closing fees are built into the spread') | Firm document, September 26, 2026 |
| CIRO dealer member | Friedberg Mercantile Group Ltd.: CIRO directory, read September 26, 2026; CIPF member | CIRO dealer directory |
3. FOREX.com: offered by GAIN Capital - FOREX.com Canada Ltd.
Beside MetaTrader 4, its Canadian site names: FOREX.com web, FOREX.com mobile, FOREX.com desktop, TradingView and MetaTrader 5
Sources
| Fact | As stated | Source |
|---|---|---|
| MetaTrader 4, as the firm names it | MetaTrader 4 (Standard account, per trading-costs page) | Canadian site, September 26, 2026 |
| Advertised EUR/USD spread | 1 pip, advertised minimum, Standard account | Canadian site, September 26, 2026 |
| CIRO dealer member | GAIN Capital - FOREX.com Canada Ltd.: CIRO directory, read September 26, 2026; CIPF member | CIRO dealer directory |
4. CMC Markets: offered by CMC Markets Canada Inc.
Beside MetaTrader 4, its Canadian site names: CMC Markets web platform, CMC mobile app, MetaTrader 5 and TradingView (CMC platform accounts only)
Sources
| Fact | As stated | Source |
|---|---|---|
| MetaTrader 4, as the firm names it | MetaTrader 4 | Firm document, September 26, 2026 |
| Advertised EUR/USD spread | 0.5 pips, advertised minimum, Standard account | Canadian site, September 26, 2026 |
| CIRO dealer member | CMC Markets Canada Inc.: CIRO directory, read September 26, 2026; CIPF member | CIRO dealer directory |
5. AvaTrade: offered through Friedberg Mercantile Group Ltd.
AvaTrade is offered in Canada through Friedberg Mercantile Group Ltd., the CIRO dealer member that also offers FXCM.
Beside MetaTrader 4, its Canadian site names: WebTrader, MetaTrader 5, AvaOptions (desktop/iOS/Android) and Friedberg Direct / AvaTrade mobile app
Sources
| Fact | As stated | Source |
|---|---|---|
| MetaTrader 4, as the firm names it | MetaTrader 4, Mac trading (MT4 Mac/WebTrader) | Canadian site, September 26, 2026 |
| Advertised EUR/USD spread | 0.6 pips, advertised typical, Standard account | Firm document, September 26, 2026 |
| CIRO dealer member | Friedberg Mercantile Group Ltd.: CIRO directory, read September 26, 2026; CIPF member | CIRO dealer directory |
MetaTrader 4 at the 5 brokers, side by side
The table shows MT4 as each firm names it. AvaTrade adds MT4 for Mac alongside WebTrader; FOREX.com lists MT4 on its Standard account. The spread column carries each firm’s advertised figure: OANDA 0.6 pips typical, CMC Markets 0.5 pips minimum, AvaTrade 0.6 pips typical, and FOREX.com 1.0 pip minimum, all on Standard accounts. FXCM’s default pricing builds its opening and closing fees into the spread, and its Active Trader page prints EUR/USD at 0.80 under “Spread” and 0.20 under “ATG Spread”. FXCM and AvaTrade are both offered through Friedberg Mercantile Group Ltd. MT4 at CMC Markets needs a separate Standard or FX Active account, without the CMC platform or TradingView. I would weigh that separation against how you trade.
Three brands here, FOREX.com, CMC Markets, and AvaTrade, also name MetaTrader 5 on their Canadian pages, and you can compare them on our MetaTrader 5 page.
| Broker | CIRO dealer member | MetaTrader 4, as the firm names it | Advertised EUR/USD spread and basis | Sources |
|---|---|---|---|---|
| OANDA | OANDA (Canada) Corporation ULC | MetaTrader 4 | 0.6 pips, advertised typical, Standard account | MetaTrader 4: Canadian site, September 26, 2026; EUR/USD spread: Canadian site, September 26, 2026 |
| FXCM | Friedberg Mercantile Group Ltd. | MetaTrader 4 | Spread-only ('opening and closing fees are built into the spread') | MetaTrader 4: Canadian site, September 26, 2026; EUR/USD spread: Firm document, September 26, 2026 |
| FOREX.com | GAIN Capital - FOREX.com Canada Ltd. | MetaTrader 4 (Standard account, per trading-costs page) | 1 pip, advertised minimum, Standard account | MetaTrader 4: Canadian site, September 26, 2026; EUR/USD spread: Canadian site, September 26, 2026 |
| CMC Markets | CMC Markets Canada Inc. | MetaTrader 4 | 0.5 pips, advertised minimum, Standard account | MetaTrader 4: Firm document, September 26, 2026; EUR/USD spread: Canadian site, September 26, 2026 |
| AvaTrade | Friedberg Mercantile Group Ltd. | MetaTrader 4, Mac trading (MT4 Mac/WebTrader) | 0.6 pips, advertised typical, Standard account | MetaTrader 4: Canadian site, September 26, 2026; EUR/USD spread: Firm document, September 26, 2026 |
FAQs
Can I use MetaTrader 4 through a CIRO dealer member in Canada?
Which MT4 broker ranks first on your list?
How do I find and check an MT4 broker in Canada?
How long does an MT4 demo account last?
Does CMC Markets need a separate account for MT4?
Related pages
About the author
Justin Grossbard is the CEO & Co-Founder of CompareForexBrokers established in 2014, along with Noam Korbl and works as Strategic Head Of Research.
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